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ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS (Tables)
6 Months Ended
Dec. 31, 2024
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS  
Summary of fair value measurement inputs under black-scholes model

December 31,

June 30,

 

Input

    

2024

    

2024

Number of warrants

$

47,963

$

47,963

Share price

$

2.09

$

0.02

Risk-free interest rate

 

4.25

%  

 

4.62

%

Volatility

 

115

%  

 

105

%

Exercise price

$

112.32

$

112.32

Warrant life

 

1.96 years

 

2.46 years

Summary of liabilities measured at fair value on recurring basis

    

    

Quoted Prices In

    

Significant Other

    

Significant Other

June 30,

Active Markets

Observable Inputs

Unobservable Inputs

Description

2024

(Level 1)

(Level 2)

(Level 3)

Liabilities:

 

  

 

  

 

  

 

  

Warrant liability - non-current

$

959

$

$

$

959

Quoted Prices In

    

Significant Other

    

Significant Other

December 31,

Active Markets

Observable Inputs

Unobservable Inputs

Description

    

2024

    

(Level 1)

(Level 2)

(Level 3)

Liabilities:

 

  

 

  

 

  

 

  

Warrant liability - non-current

$

2,398

$

$

$

2,398

Summary of company warrants activities and status of warrants

    

    

Weighted

    

Average

Average

Remaining

Exercise Price

Period

Warrants

Warrants*

Per Share*

(Years)

Outstanding as of June 30, 2023

 

1,045,367

$

18.90

 

4.40

Issued

 

 

 

Redeemed

 

(997,404)

 

14.40

 

Forfeited

Exercised

 

 

 

Expired

 

 

 

Outstanding as of June 30, 2024

 

47,963

$

112.32

 

2.96

Issued

 

 

 

Redeemed

Forfeited

 

 

 

Exercised

 

 

 

Expired

 

 

 

Outstanding as of December 31, 2024

 

47,963

$

112.32

 

1.96

* Retrospectively restated for the 1-for-18 reverse share split on May 1, 2024.